Rebates
/ˈriːbeɪts/
Definitions
- (n.) Partial refund or discount offered by a seller to a buyer, often used in commercial transactions or consumer sales to incentivize purchases or reward loyalty.
The customer received rebates on the purchase of multiple appliances.
- (v.) To pay back a portion of a sum of money, typically as a discount or refund.
The company rebates part of the fees to qualifying customers.
Forms
- rebate
Related terms
See also
Commentary
In legal contexts, rebates sometimes attract scrutiny under antitrust laws to prevent unfair competitive advantages.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.